No smart corporations go into legal-generated controversies without top of the line public affairs representation.
The defendants in the Rhode Island lead paint litigation, including Sherwin-Williams, had Prism Public Affairs, based in Washington D.C. At the time, Prism set up a branch right in Providence, RI manned by Gregg Perry. Later, Prism merged with Rasky Baerlein which handled the lead paint defendants' public affairs in CA litigation.
Those controversies are being fingered in the sales ($13.04 billion) which disappointed Wall Street and the equal disappointment of the 1.47 million daily users. In the U.S. and Canada, user growth is flat. As a result, Facebook's stock value, at one point, plummeted more than 20%. Here are details from MarketWatch.
Meanwhile, Facebook's legal problems are getting even more attention with the announcement that its general counsel Colin Stretch will be leaving. Not a lot of information was provided the media. So, of course, the door is open to all kinds of wild speculation if more legal troubles could be emerging from the pipeline.
In the worst of its legal messes, Uber parachuted in new top lawyer Tony West from PepsiCo. However, lawsuits and investigations keep inflicting Uber.
Facebook investors could push for better positioning and packaging of the corporation's public affairs. Often what occurs in the court of public opinion is more important than what might happen in the court of law.
More and more of my coaching the over-50 has to do with how they rebrand themselves after a professional crisis. Here is my new book, free to download, on the four monsters of the mind which tend to overtake them.
Contact Jane Genova firstname.lastname@example.org.